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Deals & Dealmakers

Investment manager MKP Capital renews at SL Green’s 600 Lexington

SL Green Realty Corp announced that MKP Capital Management, a leading  international investment manager, has signed a renewal lease for five-plus years covering 25,995 s/f at 600 Lexington Avenue.

MKP occupies the entire 16th, 17th, and 18th floors in the 36-story, 300,000 s/f tower.

Photo via SL Green's website
Photo via SL Green’s website

“We are delighted to continue our valued relationship with MKP,” said Steven Durels, executive vice president, director of leasing and real property for SL Green, who added that “600 Lexington is a magnet for financial firms because of its boutique size floors flooded with natural light, floor to ceiling windows and upscale lobby.”

Other building tenants include US Specialty Insurance, Element Capital Management, Net Jets, Nissan, Libre Max Capital and Altaris Capital.

John Mambrino and Evan Margolin of Savills Studley represented the tenant in the lease negotations.

SL Green also welcomed a new tenant to 215 Park Avenue South, its 300,000 s/f office building two blocks north of Union Square .

Industrious NYC, one of the country’s fastest growing co-working business operations, has signed a 15-year lease covering 17,255 s/f for its first Manhattan office at 215 Park Avenue South.

“We are delighted to welcome Industrious, as it continues its expansion within the New York area,” said
Durels.

215 Park Avenue South features a pending lobby renovation together with recently completed new corridors and restrooms.

Keith Caggiano and Roshan Shaw of CBRE represented the tenant in the transaction, while Gary Rosen and Howard Tenenbaum represented the landlord.

Industrious has 12 locations and opened its first NYC office space in Brooklyn. Co-founder and CEO Jamie Hodari told The Real Deal last month that he wants to add 12 more.

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